#加密生态动态追踪 The Fed's recent actions can be considered the most direct signals of easing.

Just now, during the FOMC meeting, Powell directly announced three major things: first, a 25 basis point rate cut (which is already the third time); second, the initiation of a $40 billion treasury bond purchase, starting from December 12 for 30 consecutive days; third, a clear statement that this purchase scale will remain high in the coming months.

How to understand this combination?

The labor market is still weak; previous employment data was inflated, with a bias of nearly 60,000 jobs. Powell didn't hide this and directly acknowledged it. But he also mentioned that the economy is expected to expand next year, with the ISM manufacturing PMI likely above 50. This is a clash of signals—one easing, one tightening.

The pace of rate cuts has also changed. No longer following the old routine, instead assessing at each meeting based on economic data. This gives the market more flexibility. Powell also addressed inflation but did not mention any rate hikes at all, emphasizing that rate increases are not even within the scope of consideration.

In summary: a new cycle of liquidity release has been clearly initiated, with the policy tone being moderate rate cuts; tightening is out of the picture. This will have a profound impact on global liquidity conditions and the liquidity environment in the crypto market will also change. $BTC $ETH Don't miss out.